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New Mexico

New Mexico

Incentives/Policies for Energy Efficiency

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Energy Efficiency & Renewable Energy Bond Program   

Last DSIRE Review: 08/05/2014
Program Overview:
State: New Mexico
Incentive Type: State Bond Program
Eligible Efficiency Technologies: Lighting, CHP/Cogeneration, Energy Mgmt. Systems/Building Controls, Caulking/Weather-stripping, Building Insulation, Windows, Doors, Custom/Others pending approval, Energy Recovery Systems
Eligible Renewable/Other Technologies: Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Fuel Cells, CHP/Cogeneration, Daylighting, Fuel Cells using Renewable Fuels
Applicable Sectors: Schools, State Government
Amount:Varies
Start Date:2005
Web Site: http://www.emnrd.state.nm.us/ECMD/CleanEnergyTaxIncentives/CREB.h...
Authority 1:
Date Enacted:
N.M. Stat. 6-21D-1 et seq.
07/01/2005, subsequently amended
Summary:

New Mexico's Energy Efficiency and Renewable Energy Bonding Act, which became law in April 2005, authorizes up to $20,000,000 in bonds to finance energy efficiency and renewable energy improvements in state government and school district buildings. At the request of a state agency or school district, the New Mexico Energy, Minerals and Natural Resources Department will conduct an energy assessment of a building to determine specific efficiency measures which will result in energy and cost savings. A state agency or school district may install or enter into contracts for the installation of energy efficiency measures on the building identified in the assessment. An installation contract may be entered into for a term of up to 10 years.

The bonds are exempt from taxation by the state, and any type of renewable energy system and most energy efficiency measures, including energy recovery and combined heat and power (CHP) systems, are eligible for funding. Projects financed with the bonds will be paid back to the bonding authority using the savings on energy bills.


 
Contact:
  Zach Dillenback
New Mexico Finance Authority
409 St. Michael’s Drive
Santa Fe, NM 87505
Phone: (505) 984-1454
Fax: (505) 984-0002
E-Mail: zdillenback@nmfa.net
Web Site: http://www.nmfa.net
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.